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Day: April 6, 2015
April 62015
Euro Retreats After Rally vs. Dollar
The euro attempted to rally against the US dollar during the Monday’s session but failed and is trading below the opening level now. The currency also dropped against other most-traded currencies, including the Great Britain pound, though it was able to gain on the Japanese yen (update: the euro fell versus the yen as well.) The euro managed to rally during early Monday’s trading on the back of the dollar’s weakness. Hopes for a positive outcome of Greece’s […]
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April 62015
Dollar Bounces After Poor Start of Week
The US dollar started the week with poor performance yet was able to bounce against most major currencies, though not all of them. Today’s data about the US services sector was positive for the most part, providing some support for the currency. The report from Markit Economics showed that non-manufacturing Purchasing Managers’ Index rose from 57.1 to 59.2 last month. The data from the Institute for Supply Management was […]
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April 62015
Dollar’s Weakness Extends into New Week
The dollar was seriously hurt on Friday by lackluster nonfarm payrolls, and the currency retained its weakness at the beginning of the new week. EUR/USD rose today even though reports about the US services sectors were mostly positive. The gains were limited as trading volumes are still light. Most markets outside of the United States are closed after the Easter holiday. Markit services PMI rose from 57.1 in February to 59.2 in March. […]
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